Gold prices in Canada reach 18-month high

    
    Now is a great time to utilize Cash4Gold's unique services, says
    Cash4Gold CEO
    

TORONTO, Sept. 21 /CNW/ - With surging gold prices pushing the Toronto Stock Exchange to its highest closing of 2009, now is a great time for Canadians to send Cash4Gold their broken or unwanted gold, silver and platinum jewellery, says Jeff Aronson, CEO of Cash4Gold.

"It seems as though we have entered the Canadian market at a very advantageous time for potential clients," said Aronson. "Gold has climbed higher in the past week, triggering an increased interest in the mail-in refining services that we currently provide in Canada, the U.S. and the United Kingdom." Gold has just hit $1,077.00 CAD, which is an 18-month high. Alan Greenspan, who served as the Chairman of the US Federal Reserve from 1987 to 2006, has just declared that "gold will always remain the ultimate form of payment in the world," which is part of the reason gold prices are climbing during a period of financial uncertainty.

In addition, China has been stockpiling gold to diversify the country's reserves, a trend that could continue to stimulate the market. China's official gold reserves now run 1,054 metric tons, representing a twofold increase in just six years.

After bottoming out at about $250 an ounce about nine years ago, key fundamental catalysts such as increasing demand, lower supply, inflationary fears and a flight to safety have been driving the price of gold upwards.

Cash4Gold, the world's No.1 direct from consumer gold buyer, has revolutionized the way in which people can liquidate their precious metals into cash. From the privacy and security of your home, Canadians can send in their items, and seamlessly receive a cheque in the mail. Cash4Gold also offers a 100% satisfaction guarantee, allowing the offer to be reversed within 12 days should the sender choose to go that route.

"This is a no risk proposition for Canadians. Now is a great time to monetize old items that are collecting dust and utilize Cash4Gold's fast and secure service," added Aronson.

SOURCE CASH4GOLD

For further information: For further information: Media Inquiries: (604) 628-1872, cash4gold@fd.com

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